20 Things and Habits the Rich Do Every Day

By David S. Chang

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In previous articles I have talked about how almost 95% of the decisions we make everyday are habits, not conscious choices. This is why our habits largely dictate our level of success in life. Here is one habit that separates the rich from the poor.

We all want to have more money, get to our ideal weight, and break other bad habits that we may have. The average American household saved 12% of their income in the 1970s, unfortunately today that number has dropped to 5%. The bottom 40% save less than 1% with many going further into debt!

Much of the reason our savings rate has gone down is because of our habits. We are used to getting immediate satisfaction, buying what we want (instead of what we need), instead of looking towards the future. Getting into the habit of tracking your money, spending less than you earn, and investing the difference aren’t easy habits for many to follow.